M

Member

Speaking in the House of Lords on 4 December 2024

Debate

Football Governance Bill [HL]

Contribution

Without any doubt, the Crown Prince is an owner in the context of the Bill—an owner who exercises influence over the activities of the club as defined in proposed statute and regulation. Premier League football is a particularly attractive investment for sovereign wealth funds due to its long-term investment potential. What is unusual about the provisions in the Bill is that, unlike other sectors, the owners, and ultimate owners behind these funds, will have to be identified by the government regulator because the Government specifically state that an owner cannot avoid being identified as an owner simply by, for example, placing their shares in a club into trust.

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